# PPP loan: LEAP THEORY, LLC
> **$196K** approved 04/30/2020 · Paid in Full · Loan `5448387309`
## Borrower
- **Name:** LEAP THEORY, LLC
- **Address:** 11726 San Vicente Boulevard, Los Angeles, CA, 90049
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $147K
- **Rent:** $24K
- **Utilities:** $24K
- **Jobs reported:** 10
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*